Tag Archives | Production

A brief description about 1. Graph and 2. Operation Research Method will better help you understand the total scene of scheduling methods. 1. Charts and Graphs: Many sorts of Charts and Graphs are used for scheduling. Notwithstanding, one of the best known and profusely used chart is the Gantt chart. In fact, the Gantt chart […]

Scale of Production: Internal Economies, Types and Limits! If a firm carries on production with large or more plants, it is known as large scale production. On the contrary, if the production is small and the size of plants smaller, it is called small scale production. The scale of production may have certain advantages and […]

For the analysis of production function with two variable factors we make use of the concept called isoquants or iso- product curves which are similar to indifference curves of the theory of demand. Therefore, before we explain the production function with two variable factors and returns to scale, we shall explain the concept of isoquants […]